Economic Trends

‘COIDA held 12 meetings and seven public hearings during its most recent fiscal year. It supported 22 projects that have invested or will be investing $89.5 millions in Oswego County. The job impact of these projects will result in 155 new jobs and the retention of 164 existing jobs over the next three to five years.’

ooc@oswegocounty.org

County of Oswego IDA Releases Annual Report

The COIDA was formed in 1973 in Economic Trends millions in Oswego County. The job impact accordance with New of these projects will York State General Municipal Law by the result in 155 new jobs and the retention Oswego County Legislature. Members of of 164 existing jobs over the next three to the agency are appointed by the county five years. legislature. The board of directors as of During this period, the COIDA providits fiscal year ending July 21, 2022 was ed or approved assistance through four of composed of the following: Gary T. Toth its nine financial assistance programs. The (chairman), Nicholas M. Canale (vice two programs which supported the greatchairman), H. Leonard Schick (secretary/ est number of projects were the Straight treasurer), Marc Greco, Morris Sorbello, Lease Transaction and the Micro Enterprise Tim Stahl, and Barry Trimble as directors. I Program Economic Development Fund, served as chief executive officer and Kevin representing 68% and 27% of the projects LaMontagne as chief financial officer. respectively.

During this fiscal year, significant The Straight Lease Transaction proprogress in economic development has vides financial assistance to companies been supported by the COIDA. via real property tax, sales and use tax

The agency held 12 meetings and and mortgage recording tax exemptions seven public hearings during this period. as authorized by NYS General Municipal The COIDA supported 22 projects that Law. The program supported 15 projects have invested or will be investing $89.5 projected to create 139 and retain 143 jobs

L. MICHAEL TREADWELL, CEcD, is executive director of Operation Oswego County based in Oswego. To contact him call 315-343-1545 or visit www.oswegocounty.org.

COIDA acquired 185 acres adjacent to the Oswego County Industrial Park in Schroeppel at a strategic location and even more so due to the Micron Technology announcement.

Some of the programs offered by Operation Oswego County have helped businesses such as Highland Animal Hospital in Hastings and Big Diper in Fulton.

in Oswego County. Some examples of projects that were assisted through this program include: ASA Volney NY Solar in the town of Volney, SSC Oswego II in the city of Oswego, Tully’s Good Times Family, Inc. in the city of Oswego, Mexico PV in the town of Mexico, HealthWay in the town of Richland and Highland Animal Hospital in the town of Hastings.

The Micro Enterprise Program Economic Development Fund was capitalized from a HUD grant and matching funds from the COIDA. It provides loans to graduates of the micro-enterprise training program sponsored by Operation Oswego County, SUNY Oswego and the COIDA. The program supported six projects projected to create 15 and retain 16 jobs in Oswego County. Examples of the projects that are being assisted through this program include Kathy’s Cakes & Specialty Treats in the town of Volney, Upward Graphics in the city of Fulton, Eir Healing & Wellness in the village of Sandy Creek and Fairway Billiards in the town of Granby.

Other forms of assistance administered by the COIDA during the 20212022 fiscal year included the PILOT Economic Development Fund, which supported one project and the USDA Intermediary Relending Program Economic Development Fund, which supported one project.

Business projects assisted were distributed throughout Oswego County, located in nine towns and villages and the cities of Fulton and Oswego. Projects represented numerous industry sectors, including manufacturing, services, tourism and recreation, energy and mixed-use. Nine were service businesses, 10 projects were energy related, one was manufacturing, one was mixeduse, and one was tourism related. Ten of the 22 projects were in solar energy, representing 45% of all projects and 85% of total capital investment. Detail on each is provided in the COIDA annual report which may be found at www. oswegocountyida.org.

The COIDA PILOT payment distribution constituted $39 million of which $26 million (66.8%) went to school districts, $2.4 million (6%) to cities, towns, villages and $10.6 million (27%) to the county. Inclusive of all PILOTs, payments represented 78.1% of normal tax constituting a net exemption of 21.9%

To help address the impact on small business, the COIDA supported the development of a COVID-19 emergency relief program working in cooperation with Operation Oswego County which administered a $500,000 loan program. Forty-Six businesses participated in this program.

To help expand the county’s capacity for potential attraction of industrial/ business development, the COIDA acquired 185 acres adjacent to the Oswego County Industrial Park in the town of Schroeppel at a strategic location and even more so due to the Micron Technology announcement.